March 2012 has given us some interesting, and mostly encouraging, statistics for Dane County real estate. The number of sales for both single family homes and multi-family properties are significantly higher than they were one year ago. 358 single family home sales and 32 multi-fam properties sold in March 2012. The numbers were 262 and 5 in March 2011. A 37% increase in single family home sales and a 540% increase in multi-fam property sales!
At the same time, the number of condo sales actually decreased. 76 sales in March 2012 compared to 84 sales in March 2011 – almost a 10% reduction.
Overall, I think this is very encouraging. It is not news that the condo market is the one section of the market that has been hit the hardest. So to see those numbers still not quite recovering isn’t too disappointing, considering we saw such huge increases in sales for both single family homes and investment properties.
April has been another very busy month…at least it has seemed that way. So hopefully we see a continued increase in real estate sales as we move forward in 2012.